Beaumont Asset Management L.L.C. Invests $480,000 in The AES Co. (NYSE:AES)

Beaumont Asset Management L.L.C. acquired a new position in shares of The AES Co. (NYSE:AES) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,260 shares of the utilities provider’s stock, valued at approximately $480,000.

A number of other large investors have also recently made changes to their positions in the business. Cromwell Holdings LLC lifted its position in shares of AES by 59.1% during the 3rd quarter. Cromwell Holdings LLC now owns 1,723 shares of the utilities provider’s stock valued at $35,000 after buying an additional 640 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of AES by 3.2% in the third quarter. SeaCrest Wealth Management LLC now owns 26,301 shares of the utilities provider’s stock valued at $528,000 after acquiring an additional 826 shares during the period. Empowered Funds LLC raised its holdings in shares of AES by 8.0% in the 3rd quarter. Empowered Funds LLC now owns 11,179 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 830 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in shares of AES by 1.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 84,624 shares of the utilities provider’s stock worth $1,698,000 after acquiring an additional 835 shares during the last quarter. Finally, Live Oak Investment Partners raised its stake in shares of AES by 3.9% during the third quarter. Live Oak Investment Partners now owns 29,241 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 1,104 shares in the last quarter. 93.13% of the stock is owned by institutional investors.

AES Stock Down 2.5 %

Shares of AES opened at $10.55 on Friday. The company has a debt-to-equity ratio of 3.21, a quick ratio of 0.80 and a current ratio of 0.85. The stock has a market capitalization of $7.50 billion, a PE ratio of 7.32, a P/E/G ratio of 0.85 and a beta of 0.99. The company’s 50-day simple moving average is $12.36 and its 200-day simple moving average is $15.29. The AES Co. has a 1 year low of $10.33 and a 1 year high of $22.21.

AES Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a dividend of $0.176 per share. This is a positive change from AES’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.70 annualized dividend and a yield of 6.67%. AES’s payout ratio is 48.61%.

Wall Street Analysts Forecast Growth

AES has been the topic of several recent analyst reports. Susquehanna cut their target price on AES from $24.00 to $21.00 and set a “positive” rating on the stock in a research note on Tuesday, November 5th. Mizuho dropped their price target on shares of AES from $24.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Bank of America assumed coverage on shares of AES in a research report on Monday, November 25th. They issued an “underperform” rating and a $11.00 price target on the stock. Barclays cut their price target on AES from $17.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, HSBC began coverage on AES in a research note on Friday, December 13th. They set a “buy” rating and a $17.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.80.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.